Looked at the voting interfaces of several DAOs. They seem democratic on the surface, but click in and it's all mathematical games.

Proposals are written like academic papers, but the real gist is just one sentence: whoever controls the treasury multisig can change parameters while "waiting for confirmation." It’s the same rhetoric as after a cross-chain bridge hack—"We’re investigating," "Please wait for an official announcement," which translates to "We haven’t figured out how to distribute permissions yet."

The funniest are those "community governance" proposals. The proposer's wallet tokens are all borrowed, and they return them as soon as the voting period ends. The show is over, parameters are changed. You check the chain and indeed there's no flaw, but something just feels off.

Anyway, now when I look at a vote, I first scroll through the comments to see who's panicking, then check the proposer's transaction history for the past three months. Gossip is gossip, but the chain of evidence is something I have to fill in myself.